danielserrano2306 danielserrano2306
  • 12-02-2021
  • Mathematics
contestada

2) Jack invests $4,325 in a savings account with a fixed annual interest rate of 7%
compounded semi-annually. What will the account balance be after 7 years?

Respuesta :

sharda40
sharda40 sharda40
  • 12-02-2021

Answer:

A=P(1+r/200)^2n

=4325(1+7/200)^14

=4325*1.61869452

=7000

Answer Link

Otras preguntas

A(2, 7) is a fixed point in the coordinate plane. Let B(x, 7) be any point on the same hori- zontal line. If AB = h(x), express h(x) in terms of x.
At which location will erosion take place?
A rectangular prism’s volume is represented by the polynomial 3x^3-2x^2-15. The height of that prism is x-4 . What is the area of the base of the prism? HELP PL
what is the value of acceleration due to gravity at the pole, equator and the centre of the earth​
Which of the following is NOT a requirement for the Class E driving skills test? The vehicle must be able to exceed 25 mph. You must be able to give hand signal
Ratio The ratio of chickens to sheep on a farm is 3:5 There are 40 sheep. How many chickens are there?
Use this data in the problem below. Follow the steps carefully. Round to the nearest tenth. Lot 3: Week 1: 345 Week 2: 340 Week 3: 400 Week 4: 325 Step 1. Ji
why do we place 2 dots after signature
5 : 2 = 15 : x great answer get 20 points
What is the measurement of this angle